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israel and hamas announced earlier today. we saw an immediate reaction in the market. take a look at this chart. the dow rallying as soon as the news hit the tape. >> we saw oil go down, as a matter of fact. things are coming back here. let's get to it with our next guests in today's close cl"clos" exchange. theoretically, the cease fire is an hour old. markets responded initially, but they've sort of regressed after that. you just saw the dow jones industrial average intraday. we saw a move to the upside. don't call it a super rally, but certainly definitive. the markets had been very nervous about whether the situation could eventually explode into something far bigger in the middle east. there's the intrasession for the dow as well. the news came along with secretary of state hillary clinton announcing that the egyptian foreign minister and the minute that happened, that's when we started to see the appreciation. again, we wanted to know this was not going to become something far wider in the middle east. we knew there was no oil at risk in this particular area, but we're very concerne
exact. even though a cease-fire from the gaza strip, a lot of interest has been happening. israel and hamas came to some kind of a truce for now, we will see it that way. sell the rumor, but on the news. anyway, lots of news as we move into your turkey day, let's get to our floor show. traders standing by on the new york stock exchange, cme group and the nymex. so good to see you at the new york stock exchange. days like today moving into the holiday, half-day on friday, volume seemed to pull back but there is a lot of great news out today, what are you watching? >> the market up 45 holding its gains. we're all waiting for more tangible news, lots more on the horizon. the cease-fire right now, keeping that in perspective. the fiscal cliff, but we have december to look forward to. black friday, cyber monday, these are things that might move the market up in another direction. we will see what happens after we get back to work. cheryl: so many questions i am sure it is so hard to trade because we don't know what is going on. let's go over to the cme. really it is still about europe.
after a cease fire was announced after israel and gaza. take a look at how we're settling the day on this market. up 48 points. volume on the light side, as you can see there. very light here as we approach the market closing tomorrow for thanksgiving and a short close on friday. nasdaq, s&p 500 also fractionally better on the session. more on the markets coming up. first, we have more breaking news as the bankruptcy judge green lights hostess brands to begin liquidation. the ceo of hostess brands joins me right now in a first-on cnbc interview. good to have you on the program. thanks for joining us. >> sure, maria. >> well, tell us, what happened first yesterday at final mediation talks? was a deal ever close? >> you know, the judge has a gag order. he'll have my head if i talk about what went on during the mediation, but i think that he wanted to make sure that he did everything in his power to try to find a deal, if there was one to be found. you know, i appreciate the fact that he went through that effort. i was hopeful, but i think realistically that was going to be a tough thin
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